Official social and economic data published - News.MN

Official social and economic data published

Old News! Published on: 2010.07.28

Official social and economic data published

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The National Statistical Office has
revealed social and economic figures for June and, in some cases, for the first
six months of the year.

Consumer price index

The national consumer price index in June dropped 1.5 percent from May but was
11.4 percent higher than in June, 2009.

Budget

The deficit in the General Government Budget was MNT93.8 billion less in the
first half of 2010, when compared to the same period last year.  Tax
revenue increased 66.2 per cent. Collection from the windfall profits tax rose
4.2 times, from corporate income tax 2.1 times, and from VAT 69.0 percent.

Non-tax revenue in this period fell 26.2 percent year on year. Total capital
expenditure was 57.0 percent higher but foreign financed capital expenditure
decreased 87.4 percent.

Unemployment

The number of registered unemployed reached 39,941 at the end of June, an
increase of 1.1 per cent.

Foreign trade

Total turnover of trade with 120 countries in the first half of the year reached
USD 2,664.9 million, an increase of 61 percent. Exports rose 71.5 percent and
imports 51.9 percent. Trade deficit decreased by 63.3 percent.

Industrial output

Total industrial output in the first six months rose 12.4 percent (at 2005
constant prices) over that in the corresponding period last year. This includes
a 4.4% rise in the manufacturing sector and a 6.5% increase in electricity,
thermal energy, and steam generation.

Construction

Domestic entities accounted for 87.6 per cent of the total MNT55.9 billion
worth construction and installation work in the first half of the year.

Freight and passengers

The volume of freight rose  17.9 per cent in the first six months,
but passenger traffic fell 0.8 per cent. Both figures cover all types of
transport.

Social welfare

Government organizations accounted for 41.8 percent of the 493,900 people
covered by social insurance in the first half of 2010, with the rest 58.2
percent coming from the private sector. A total MNT166.0 billion was paid as
pension from the social insurance fund in the first half of 2010, of which
retirement pension accounted for 73.1 percent, pensions for the disabled for
12.8 percent, breadwinner loss pension for 7.4 per cent, and military pension
for 6.7 percent.


MNT12.7 billion was paid as social welfare allowances to 55,700 people in the
first half of 2010. The amount is 5.7 per cent more than in the same period
last year, while the number of beneficiaries is 4.7 percent higher. Altogether
MNT169.8 billion was distributed to 2.4 million people from the Human
Development Fund (HDF).

Share trading

A total 1.6 million shares valued at MNT1.2 billion were traded in 21 trading
days in June. The number of shares traded was 4.1 times fewer than in May and
7.8 times fewer than in June, 2009.

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